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$6,600,000

Beds
18
sq ft
12,607

11927 Gorham Ave, Los Angeles, CA 90049

11927 Gorham Ave

Los Angeles, CA 90049

  • 18 days on market
We are pleased to offer for sale a generational multifamily investment opportunity at 11927 Gorham Avenue in the heart of LA's famed community of Brentwood. A mid-century gem, the building boasts an ideal unit mix consisting of large 1 bedroom and 2 bedroom units. There is also an extra spacious 3 bedroom unit with a den and incredible large patio. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 6 of the 10 units have been remodeled. The incredible unit mix includes (1) 3-bed, 3-bath with a den unit, (6) 2-bed, 2 bath units, and (3) 1-bed, 1 bath units. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking (soft story retrofit has been completed) as well as an on-site laundry facility. In close proximity to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Details

Property type

Lot size

9,254 sq ft

Price per sq ft

$524

Year built

1966

HOA

No

Price History

12/04/2024
CLAW

CLAW #24469317

Listed
$6,600,000
-48.82%
04/02/2024
CLAW

CLAW #23248629

Removed
$12,895,000
12/26/2023
CLAW

CLAW #23248629

Listed
$12,895,000

Schools & Community

Neighborhood: 

Brentwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pacific Premier Bank

Loan start date

February 2021

Original loan amount

$4,300,000

Est. remaining balance

Not provided

Interest rate

2.71%

Loan type

Commercial

Seller

7513 Fountain Avenue Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:30 PM

Listing updated: 12/13/2024 at 11:15 AM

Listed by: Jonathan Taksa, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24469317

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